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The Guardian - US
The Guardian - US
Business
Guardian staff and agencies

Good news in US inflation report boosts chances Fed won’t hike rates

United States Inflation Dow the Federal Reserve
men work at computer terminals
Traders work on the floor of the New York Stock Exchange before the closing bell on 29 September 2026. Photograph: Sarah Yenesel/EPA

Good economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed up hopes that the Federal Reserve might not hike rates as soon ⁠as next month.

A commerce department report ⁠showed the personal consumption expenditures (PCE) ​price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by Reuters.

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